News

The surge of buyers into New Jersey's counties adjacent to New York City has ranked them as 4 out of the top 10 for first-time buyers. The percentage of first-time buyers has now climbed to 39% nationwide; this is up from 30% reported back in 2016. The demand for...

Monmouth County has taken a bit of a hit with respect to the revenues it was projecting to receive during 2020. That will have to be made up somewhere, and somewhere is into the pocketbooks of taxpayers. Surprise, surprise? What exactly happened in 2020? Well, the...

New Jersey Sees Surge in the Number of First-Time Buyers First-time home buyers represent a growing share of the home buying population, which is a trend that only accelerated in 2020. According to CoreLogic Fraud Consortium Loan Application data, the percentage of...

Happy President's Day From Counsellors Title Agency We will be closed February 15th in honor of our nation's leaders. We will recopen on February 16th.

The pandemic of 2020 has continued into 2021. The surge of buyers has continued to spillover into the normally quiet months of December and January and is leapfrogging into February, or so it seems. Even though the COVID-19 vaccine is beginning to make its way into...

There are definite steps that you can take to accelerate the closing on a property. â–  Put together a proven team. Make sure they are individuals who are knowledgeable with the local market â–  Begin your property search as soon as...

New Jersey, New York, Illinois, Connecticut and California topped the states with the most number of people moving out of them. States showing inbound movement included Florida and South Carolina. COVID-19 became the big trigger causing many people to move in 2020....

This Week's Title Wise Newsletter

The projections for 2021 are not going to be as ebullient at the end of 2021 as they ended in 2020, according to CoreLogic. The report stated that "Home prices nationwide, including distressed sales, increased year over year by 9.2% in December 2020 compared with...

Bergen County Single Family Homes for December Key Metrics 2019 2020 Change New Listings 396 452 + 14.1% Closed Sales 605 944 + 56.0% DOM* 68 45 – 33.8% Median PX $487K $575K + 17.9% % of PX 97.3% 99.8% + 2.6% Inventory 2,555 1,414...

A major nor'easter hit the East Coast on Sunday morning and continued through Tuesday with high winds and gusts up to 50mph. New Jersey Governor Phil Murphy declared a state of emergency, suspending all trains and buses and restricting travel on highways. Weather...

Up until this point, neither pandemics or disruptions in economies appear to have any effect upon the surge of buyers in the real estate market throughout 2020. At perhaps no other time in recent memory have prices escalated at such an aggressive rate. In many...